EFCC returns N96.5m to Enugu Ponzi scheme victims
The Economic and Financial Crimes Commission has returned N96.5 million to victims of a Ponzi investment scheme in Enugu State. The refund was made through the EFCC’s Enugu zonal command, which said the recovered funds represented part of the money traced to bank accounts linked to the fraudulent scheme’s operators. According to the commission, dozens of victims had lodged complaints after being lured with promises of high, quick returns on investments that later collapsed without repayment. EFCC officials said efforts were ongoing to track more assets, prosecute those behind the scam and recover additional funds so that more victims can receive refunds. The agency advised Nigerians to be wary of any platform offering unrealistic profits, warning that many such schemes are disguised Ponzi operations designed to defraud unsuspecting investors.